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New Board for hotel sale announced

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By Andrew Coakley

Bahamas Information Services

 

#TheBahamas, January 7, 2022 – The process of finding a new buyer for the Grand Lucayan resort, began with the introduction of the new Board on Thursday, January 6, 2022, which has the responsibility to attract new investors, assist with negotiations and close the deal for the final sale of the property.

The new Board was introduced to the public on Thursday by Deputy Prime Minister and Minister of Tourism, Investments and Aviation, the Hon. Chester Cooper, during a press conference at the Grand Lucayan.

“I am very proud of the members of this Board,” said the Deputy Prime Minister. “We have a very distinguished board with members who have deep experience in tourism, in law, in accounting and in the Grand Bahama Business community. This is a Board of professionals from a broad cross-section of our country.

“I’m excited to have these people on the Board and I’m excited to have their advice and council in this matter. We have a deep board of experience and we will be drawing on them to cause this development to happen in the shortest time frame.”

The new Chairman of the Board is Julian Russell, a Chartered Accountant, who also once served as a former Senator for the Progressive Liberal Party. Other members include Cassietta McIntosh-Pelecanos, attorney and Deputy Chair of the Board; Stewart Bowe, a former senior executive at Atlantis; Ernie Cambridge, an icon in the tourism industry in Grand Bahama; Merrit Storr, an attorney; Edward Rahming, a member of the former Board and a Chartered Accountant; and Carla Claire, an attorney.

The Tourism Minister, along with the Minister for Grand Bahama, Hon. Ginger Moxey, took the new members of the Board on a tour of the resort, which was followed by a meeting.

Minister Cooper said the meeting with the Board and the introduction of the Board to the members of the public was an important transitional step.

“Over the past several weeks, we have been working diligently to negotiate out of the deal that existed before; and we have terminated that deal by mutual agreement. Now, we are moving forward to find a new partner and a new investor for this property.

“This is a fantastic asset on the waterfront here and this is an opportunity to strengthen the tourism product here in Grand Bahama: the goal of this board is to ensure that it comes into fruition in the shortest time frame possible. So, today in our board meeting, we will be discussing the way forward.”

The Deputy Prime Minister noted that there are at least six investors who have expressed serious interest in the purchase of the Grand Lucayan, adding that the list of possible investors is expanding every day. He said this is because there are a lot of people out there who understand the value [of] the Grand Lucayan and the other opportunities that exist on the island of Grand Bahama.

Minister Cooper pointed out that the tourism product of Grand Bahama centers around not just the Lucayan Resort, but also around the East and West End communities, where interest in building resorts in those areas has been expressed.

The Deputy Prime Minister reiterated that the ideal investor for the Grand Lucayan resort is not just someone or a group of people with deep pockets and significant resources, although he added that such a position is very important. But he said the ideal investor is one with a vision for the property and a shared vision for the development of tourism and the island of Grand Bahama.

“That’s what we are seeking and I know that some of the potential investors fit that bill and we’re very excited about that.”

 

Photo Captions: 

Header: Deputy Prime Minister and Minister of Tourism, Investments and Aviation, Hon. Chester I. Cooper (right), and Minister for Grand Bahama, Hon. Ginger Moxey (left), along with newly appointed members of the Grand Lucayan Board check out the view from the waterfront side of the Grand Lucayan during a tour of the facility on Thursday, January 6, 2022.

1st insert:  Official board meeting with Deputy Prime Minister and Minister for Tourism, Investments and Aviation, Hon. Chester I. Cooper (left, center) and newly appointed members of the Board for the sale of the Grand Lucayan took place on Thursday, January 6, 2022, following a press conference to officially introduce board members.

2nd insert: Deputy Prime Minister and Minister of Tourism, Investments and Aviation, Hon. Chester Cooper (left), along with Minister for Grand Bahama, Hon. Ginger Moxey (center) and newly appointed Chairman of the Board for the sale of the Grand Lucayan resort, Mr. Jullian Russell (left) check out one of the rooms in Lighthouse Point, during a tour of the Grand Lucayan Resort on Thursday, January 6, 2022.

BIS Photos/Andrew Miller

 

 

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Fuel Pain at The Pump: Global Tensions Drive Prices Up as Bahamians Feel the Squeeze

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NASSAU, Bahamas — What should be a simple five-minute drive is fast becoming an expensive, hour-long ordeal, as rising fuel prices collide with worsening traffic congestion across New Providence.

As of early April 2026, gasoline prices across The Bahamas have climbed sharply, with motorists now paying an estimated $5.50 to over $6.50 per gallon, depending on the station and grade. The increases, seen at major retailers including Esso, Rubis and Shell, reflect a volatile global oil market driven by escalating geopolitical tensions.

The latest spike — in some cases jumping more than 50 cents per gallon within days — is being driven by uncertainty surrounding escalating tensions involving Iran. U.S. President Donald Trump has issued a direct ultimatum, warning that the United States could launch aggressive strikes on Iranian infrastructure, including power plants and key facilities, if demands are not met. While he has also expressed hope for a swift resolution, the threat of rapid escalation is already rattling global oil markets — and The Bahamas, heavily dependent on imported fuel, is feeling the impact almost immediately.

At the pumps, the frustration is real.

Drivers are now paying significantly more just to sit in traffic. Commutes that once took minutes are stretching into hour-long crawls, burning fuel with little movement and compounding the financial strain. For many residents, the issue isn’t just the price per gallon — it’s how quickly that gallon disappears.

Industry players are also bracing for impact. Higher diesel prices are expected to ripple across key sectors, including trucking, construction, and shipping — all of which ultimately feed into the cost of goods and services. In short, this is not just a fuel story; it’s an inflation story in the making.

Despite the surge, the Bahamas Petroleum Retailers Association has moved to calm fears, confirming that there is no fuel shortage. Supply remains stable, but consumers are being urged to adjust behavior — from maintaining proper tyre pressure to considering carpooling — small measures that could stretch every dollar a bit further.

Retailers, however, are not offering much comfort on price relief. While fluctuations are expected, insiders say the days of sudden price drops are unlikely in the immediate term. The “shock” increases may level off, but a meaningful decline hinges on global stability — something that currently feels out of reach.

For Bahamians, the reality is tightening: higher fuel costs, longer commutes, and a growing sense that relief isn’t coming anytime soon.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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FNM’S $200 CHILD SUPPORT PLAN SPARKS DEBATE AS PLP QUESTIONS FUNDING AND SCOPE

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NASSAU, Bahamas — The Free National Movement has rolled out details of its proposed $200 monthly Working Parent Child Support Initiative, but the announcement has already ignited political debate and prompted clarification from the party.

Leader Michael Pintard said the initiative would provide $200 per month to qualifying caregivers during the first two years of a child’s life, as part of a broader push to ease the cost of living for Bahamian families.

The party estimates the programme would cost between $12 million and $14 million annually, with funding to come from reducing what it describes as excessive government spending — particularly consultancy contracts.

However, the proposal quickly drew scrutiny.

The governing Progressive Liberal Party has challenged the feasibility of the plan, questioning how the payments would be sustained without increasing the deficit or introducing new taxes. The response forced the FNM to further outline its funding strategy, emphasizing that a 21 percent reduction in consultancy spending could fully finance the initiative.

The exchange has highlighted a familiar election-season tension — bold proposals versus practical execution.

Beyond the child support plan, Pintard outlined a wide-ranging policy agenda, including:

  • Removing VAT on select essential goods
  • Constructing 5,000 affordable homes within five years
  • Cutting the country’s food import bill by half
  • Strengthening enforcement against illegal immigration
  • Reforming the nation’s healthcare system

Pintard also took aim at the current administration, accusing it of mismanaging public funds and awarding more than $400 million in contracts without competitive bidding — claims which have further fueled political back-and-forth.

“The best way to pay for high-quality public services in the long run is to have a strong, efficient economy,” Pintard said, arguing that government spending must be redirected toward ordinary Bahamians.

While supporters have welcomed the proposals as timely relief for struggling families, critics remain cautious, pointing to unanswered questions around implementation, eligibility, and long-term sustainability.

With election momentum building, the debate surrounding the FNM’s plan underscores a broader reality — Bahamians are being presented with big promises, but increasingly demanding clear answers on how those promises will be delivered.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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COI UNVEILS FIRST 100 DAYS PLAN, PROMISING SWEEPING CHANGE AND BREAK FROM MAINSTREAM POLITICS

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NASSAU, Bahamas — The Coalition of Independents has rolled out its First 100 Days Plan, positioning it as a roadmap for rapid national transformation and a clear break from what it describes as the failures of the country’s two dominant political parties.

Leader Lincoln Bain introduced the plan during a recent public presentation, outlining a series of early actions his party says would be implemented immediately upon taking office.

At the heart of the proposal is a push to redistribute access to Crown land, a signature policy of the Coalition, which argues that Bahamians should have greater direct benefit from national resources. The plan also prioritizes the full implementation of Freedom of Information legislation, with Bain framing transparency as a cornerstone of restoring trust in government.

Additional focus areas include proposed reforms to the healthcare system, including improved compensation for nurses and medical professionals, and broader governance changes aimed at increasing accountability and reducing political control over national decision-making.

The Coalition has branded the plan as a historic first, describing itself as the only political group to present a structured 100-day agenda ahead of a general election.

But beyond the policy points, the messaging was unmistakable.

Bain and his team continue to urge Bahamians to move away from the traditional two-party system, arguing that both the Progressive Liberal Party and the Free National Movement have failed to deliver meaningful change despite decades of governance.

“The system is not working for the people,” has been a consistent refrain from the Coalition, which is campaigning on the idea of resetting how the country is governed.

While supporters view the 100-day plan as a bold and necessary shift, questions remain about the level of detail provided, particularly around costing, timelines, and how proposed changes would be executed within the existing structure of government.

Still, the rollout signals that the Coalition of Independents is seeking to position itself not just as an alternative voice, but as a ready governing option — one promising immediate action and systemic reform.

With election momentum building, the emergence of a defined 100-day agenda adds a new dimension to the political landscape, as Bahamians weigh competing visions for the country’s future.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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